New Forex Regulations in the European Union!

Forex regulations are about to change on the 1st of August for all traders in the EU. What’s happening? The European Securities and Markets Authority will force brokers to lower the leverage they offer on the four major currency pairs – EUR/USD, USD/JPY, GBP/USD and USD/CHF to 30:1. Minor pairs will see an even larger…

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Does the 10 000-Hour Rule Apply To Trading?

All good things come to those who study. At least that’s what parents say and it’s why some new traders start on an arduous journey of applying the famous 10 000-hour rule to their studies of the market. But is this number really relevant when it comes to trading forex, stocks and cryptocurrencies? To answer…

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Feeling Regret About Your Trades? Use it!

Just like with almost everything in life, trading can cause regret. Whether it’s for a missed opportunity or for a wrong decision, those little red and green numbers have the ability to push us into some pretty extreme emotions. Regret can control our behavior because it happens right after we’ve had a bad trade. It…

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Boredom in Trading: How to Overcome it?

There are times when there’s absolutely no boredom in trading but there are long periods when there’s no movement at all or your trading plan doesn’t allow opening a new positions. Other moments can actually be extremely exciting. The rush we get when we see a position become profitable is quite remarkable. The despair, anxiety…

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Breakeven Trades – How to Make the Most of Them

We all trade to make money. We focus our attention on the trades we made a huge profit on and we sweat over the ones that lost us part of our account. Breakeven trades don’t get so much attention. But what the majority of traders don’t realize is how important they actually are. First, let’s…

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How Much Time Should Trading Take if I Work or Study?

When many people start dedicating time to trading they can have some different experiences. Some might have a lucky streak with a lot of winning trades, even though they don’t know exactly what they’re doing. Others might have no luck at all and lose trade after trade. This impacts the way they perceive how much…

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Exponential Moving Average Explained

The Simple Moving Average (SMA) is undoubtedly most popular among its siblings but its Exponential Moving Average (EMA) cousin also has a solid fan base. It’s actually quite similar to the SMA with the one difference being that more weight is given to prices that are more recent. The idea behind this is that it…

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How to Plan a Trade in Advance?

Two clicks and you’re rich. That’s what trading looks like to many of the traders that decide to have a go at the markets. But when you actually make a trade, it’s just not like that at all. Trading is just like any professional activity that has the ultimate goal of achieving some sort of…

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Discipline in Trading: Why it’s so Vital

Winning several trades when you start trading can feel great. Phrases like “I can do this”, “I’m good at this”, “This is easy” come into your mind. This is one of the first and most critical mistakes new traders make. It’s not about luck, it’s about discipline! Trading is not easy. There are thousands of…

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Trading Losses and How to Handle Them

Trading will always bring fortune and misfortune to those in the market. Just like in life, the inevitable ups and downs are a natural part of this particular human activity. But there are ways to make the most of losing and turning it around to your advantage. Here are five tips on what to do…

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How to Choose a Forex Broker

Here are the five main factors that you need to consider when choosing a Forex broker! 1. Pick a regulated and secure Forex broker Trust is the most important currency of all and that’s even more true when it comes to a giving your hard earned money to someone you don’t know. How can you…

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EURUSD: NFP or Elliott Wave?

The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K expected. If you ask the majority, it is no surprise that EURUSD rocketed after the news was out. The problem is that the majority had no idea what to expect from EURUSD until the NFP was out. Elliott…

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GBPUSD Faces a Major Obstacle

It has been a rough week for the GBPUSD. Just as it seemed the pair was going to approach the previous multi-month high at 1.4770, the bears ran out of patience and caused a plunge to 1.4385 so far. Obviously, the resistance of 1.4770 turned out to be too strong for the bulls to breach,…

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